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Post# of 25904
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travelesq

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travelesq

Re: lasvegascowboy post# 22901

Friday, 08/10/2007 10:01:26 PM

Friday, August 10, 2007 10:01:26 PM

Post# of 25904
We have been calling it a dividend, but, since the company has no net income or retained earnings from which to pay it out, and it will in fact be a liquidation distribution of sorts, will it not be a return of capital (lowering our basis and non taxable) instead of a taxable dividend?
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